As if you needed another reason to vote out the Democrats. The unions, and some of their Democrat allies in Congress are still pushing to do away with 401k accounts, to be replaced by Guaranteed Retirement Accounts (GRAs). Last month Senator Bernie Sanders (I-Socialist-Vermont) and Tom Harkin (D-Iowa) held a hearing to explore the possibility. Both Senators are members of the HELP Committee (Health, Education, Labor and Pensions – or as I like to call it – the union HELP themselves to our retirement savings.)

House Minority Leader John Boehner and 12 other Republicans signed a letter urging opposition to GRAs to Treasury Secretary Timothy Geithner and Labor Secretary Hilda Solis. According to the letter, establishment of GRAs would end the tax breaks given to 401k accounts.

If you think GRAs are a good idea, think again. Oh, unless you’re in a union with an underfunded pension plan.

But why are unions pushing this? The average union pension plan is only 62 percent funded, far below the point at which the government considers a pension plan “endangered.â€